| Schedule of Loans Payable |
The Company’s
loans payable are summarized below:
| |
|
March 31, 2019 |
|
|
December 31, 2018 |
|
| |
|
Gross Principal Amount |
|
|
Debt Discount |
|
|
Loans Payable,
Net of Debt Discount
|
|
|
Gross Principal Amount |
|
|
Debt Discount |
|
|
Loans Payable,
Net of Debt Discount
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Demand Loan |
|
$ |
9,222 |
|
|
$ |
- |
|
|
$ |
9,222 |
|
|
$ |
10,647 |
|
|
$ |
- |
|
|
$ |
10,647 |
|
| 2018 Loan |
|
|
433,460 |
|
|
|
- |
|
|
|
433,460 |
|
|
|
464,739 |
|
|
|
- |
|
|
|
464,739 |
|
| 2017 Loan |
|
|
135,336 |
|
|
|
- |
|
|
|
135,336 |
|
|
|
168,609 |
|
|
|
- |
|
|
|
168,609 |
|
| Land Loan |
|
|
500,000 |
|
|
|
(31,514 |
) |
|
|
468,486 |
|
|
|
500,000 |
|
|
|
(38,098 |
) |
|
|
461,902 |
|
| Total Loans Payable |
|
|
1,078,018 |
|
|
|
(31,514 |
) |
|
|
1,046,504 |
|
|
|
1,143,995 |
|
|
|
(38,098 |
) |
|
|
1,105,897 |
|
| Less: current portion |
|
|
828,019 |
|
|
|
(21,592 |
) |
|
|
806,427 |
|
|
|
893,995 |
|
|
|
(22,889 |
) |
|
|
871,106 |
|
| Loans Payable, non-current |
|
$ |
249,999 |
|
|
$ |
(9,922 |
) |
|
$ |
240,077 |
|
|
$ |
250,000 |
|
|
$ |
(15,209 |
) |
|
$ |
234,791 |
|
|